Tag: non-convertible debentures

IndustryLatest Stories

Signature Global secures ₹875 crore through debentures for growth

I visualize the growth potential of non-convertible debentures (NCDs) with a rising graph against a cityscape. NEW DELHI: Realty firm Signature Global Ltd has successfully raised Rs 875 crore through the issuance of non-convertible debentures (NCDs) aimed at repaying existing debt and fostering business expansion. The company announced in a regulatory filing on Friday that its debenture committee has approved the allocation of 87,500 NCDs, each with a face value of Rs 1 lakh, amounting to a total of Rs 875 crore, under private placement. Although Signature Global did not disclose the identities of the investors who subscribed to these…

Housing FinanceLatest Stories

HFCs Gain NHB Support to Diversify Funding, Lower Loan Costs

MUMBAI: Housing finance companies (HFCs) are set to experience reduced borrowing costs following the National Housing Bank’s (NHB) approval of partial credit enhancement (PCE) for bonds they issue. This initiative aims to enable HFCs to pass on the benefits of lower funding costs to borrowers, particularly those in the affordable housing sector. In a letter dated October 6, the NHB notified housing finance companies that it would offer PCE on secured non-convertible debentures (NCDs) they issue, with the goal of helping them “diversify their funding sources” and “reduce reliance on banks.” The NHB stated that the facility would only be…

IndustryLatest Stories

Signature Global to raise ₹875 crore next week through NCDs

NEW DELHI: Signature Global Ltd, a real estate firm, plans to raise Rs 875 crore next week through non-convertible debentures (NCDs) targeted at investors. In a regulatory filing on Thursday, the company announced that its Debenture Committee has approved the issuance of 87,500 NCDs, with a face value of Rs 1 lakh each, totaling Rs 875 crore via private placement. The NCDs, which have a coupon rate of 11%, will have a tenure of 3 years, 2 months, and 30 days, with allotment slated for October 16, 2025, and maturity on January 15, 2029. Earlier in June, the board of…

IndustryLatest Stories

Lodha Developers secures ₹350 crore through NCD private placement

Representative image created by AI NEW DELHI: Lodha Developers (previously Macrotech Developers) has successfully raised ₹350 crore through a private placement of 35,000 rated, listed, senior, secured, redeemable, taxable, and transferable non-convertible debentures (NCDs), according to a regulatory filing made with the stock exchanges on Monday. The debentures, having a face value of ₹1 lakh each, are now listed on the Wholesale Debt Market segment of BSE. The issuance received approval from the company’s executive committee on July 21, 2025, with allotment and deemed date of allotment occurring on the same day. The NCDs feature a floating interest rate structure…